Solar & Battery Regulation & Incentive Programs

Business Energy Conservation Revolving Loan Fund

Program Overview


Category:
Financial Incentive
Program Type:
Loan Program
Implementing Sector:
State
State:
New Hampshire
Eligible Storage Technologies:
Custom/Others pending approval
Website:
http://www.nhbfa.com/businessenergyloan/
Loan Term:
Not to exceed five years
Interest Rate:
Varies; will be structured to reflect the payback for the efficiency improvements
Administrator:
New Hampshire Business Finance Authority
Applicable Sectors:
Commercial, Industrial, Nonprofit, Agricultural
Budget :
$2 million
Last Updated:
05/22/2017
Funding Source
Regional Greenhouse Gas Initiative (RGGI)

Summary

The New Hampshire Business Finance Authority (BFA) administers a revolving loan program for businesses and non-profit organizations to finance energy efficiency improvements. The terms are flexible, and the BFA will work with interested applicants to customize a loan package that results in increased energy efficiency and financial savings. The initial minimum loan amount is $100,000, and an initial energy audit is required. Interested companies and non-profits should contact BFA directly for more information.

The New Hampshire Public Utilities Commission (PUC) has provided $2 million to capitalize this fund. Continued operation of the program depends on the recycling of principal repayments and additional appropriations or other sources of revenue.


Authorities

NameEnacted DateEffective DateExpired Date
N.H. Admin. Rules. PUC 26041/1/2009
New Hampshire Statutes § 125-O:2320086/11/2008